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PepsiCo, Inc. operates as a food and beverage company worldwide. The company has a portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana.
The company, through its operations, authorized bottlers, contract manufacturers, and other third parties, makes, markets, distributes, and sells various beverages, foods, and snacks, serving customers and consumers in approximately 200 countries and territories.
Operations
The company is organized into six segments (also referred to as divisions): Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); Latin America Foods (LAF), which includes all of its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes all of its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes all beverage, food, and snack businesses in Europe and South Africa; and PepsiCo Asia, the Middle East and Africa (AMEA), which includes all beverage, food, and snack businesses in AMEA, excluding South Africa.
FLNA
FLNA, either independently or in conjunction with third parties, makes, markets, distributes, and sells branded snack foods. These foods include Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips. FLNA’s branded products are sold to independent distributors and retailers. In addition, FLNA’s joint venture with Strauss Group makes, markets, distributes, and sells Sabra refrigerated dips and spreads.
QFNA
QFNA, either independently or in conjunction with third parties, makes, markets, distributes, and sells cereals, rice, pasta, dairy, and other branded products. QFNA’s products include Quaker oatmeal, Aunt Jemima mixes and syrups, Quaker Chewy granola bars, Quaker grits, Cap’n Crunch cereal, Life cereal, Rice-A-Roni side dishes, Quaker rice cakes, Quaker oat squares, and Quaker natural granola. These branded products are sold to independent distributors and retailers.
LAF
LAF, either independently or in conjunction with third parties, makes, markets, distributes, and sells various snack food brands, including Doritos, Cheetos, Marias Gamesa, Ruffles, Emperador, Saladitas, Lay’s, Rosquinhas Mabel, Elma Chips, and Sabritas, as well as various Quaker-branded cereals and snacks. These branded products are sold to independent distributors and retailers.
PAB
PAB, either independently or in conjunction with third parties, makes, markets, distributes, and sells beverage concentrates, fountain syrups, and finished goods under various beverage brands, including Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, 7UP (outside the United States), Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist and Diet 7UP (outside the United States). PAB also, either independently or in conjunction with third parties, makes, markets, and sells ready-to-drink tea and coffee products through joint ventures with Unilever (under the Lipton brand name) and Starbucks, respectively.
Further, PAB manufactures and distributes certain brands licensed from Dr Pepper Snapple Group, Inc. (DPSG), including Dr Pepper, Crush and Schweppes, and certain juice brands licensed from Dole Food Company, Inc. (Dole) and Ocean Spray Cranberries, Inc. (Ocean Spray). PAB operates its own bottling plants and distribution facilities and sells branded finished goods directly to independent distributors and retailers. PAB also sells concentrate and finished goods for the company’s brands to authorized and independent bottlers, who in turn sell its branded finished goods to independent distributors and retailers in certain markets.
Europe
Europe, either independently or in conjunction with third parties, makes, markets, distributes, and sells various major snack food brands, including Lay’s, Walkers, Doritos, Cheetos, and Ruffles, as well as various Quaker-branded cereals and snacks, through consolidated businesses, as well as through noncontrolled affiliates. Europe also, either independently or in conjunction with third parties, makes, markets, distributes, and sel

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